Category: Uncategorized
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EDITORIAL: Bowdoin’s Public Support Largely Has Vanished
In 2006 and 2007, AdSurfDaily Inc. used the services of Virtual Money Inc., a debit-card provider accused last year of laundering money for a major narco business in Medellin, Colombia. ASD also has been linked to the CEP Ponzi scheme, the PhoenixSurf Ponzi scheme (which also used Virtual Money debit cards), the 12DailyPro Ponzi scheme…
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BREAKING NEWS: Receiver In ASI/Brett Blackman Case Delivers Devastating Preliminary Report; Noobing Autosurf Identified As Part Of ASI Affiliate Fold And Was Registered In Nevis; Belize Used For Other Firm
A receiver appointed to review financial records of Affiliate Strategies Inc. and related companies named defendants in a fraudulent government-grants scheme last month advised a federal judge that the companies were insolvent and had less than one day’s operating cash requirements in their bank accounts. Astonishingly, receiver Larry Cook advised U.S. District Judge Julie A.…
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SOURCE: Andy Bowdoin Was Head Of AdViewGlobal; Secret Service Seized Computer Used By Insider; Money Missing From Firm; Arizona Authorities Involved; Surf Immersed In Sea Of Uncertainty As Patriarch Deflects Blame
EDITOR’S NOTE: Information in this story was gleaned Tuesday and Wednesday from a source who spoke to the PatrickPretty.com Blog on the condition of anonymity. We interviewed the source Wednesday. The source said a large group of individuals once loyal to Andy Bowdoin no longer could stand in his corner. “We got mixed up in…
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BOMBSHELL: Drug Enforcement Administration Reportedly Has Photographic Evidence That Man Who Provided Debit Cards To AdSurfDaily And Other Surfs Accepted Cash To Launder Money Offshore In Narcotics Sting
UPDATED 10:56 P.M. EDT (U.S.A.) Autosurf participant? Fan of international “stored value” debit cards to offload your profits? You should have a lump in your throat about the size of, say, the Dominican Republic right now. The U.S. Drug Enforcement Administration (DEA) has audio and photographic evidence of Virtual Money Inc. President Robert Everett Hodgins…
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Readers Digest To Declare Bankruptcy
UPDATED 9:24 A.M. EDT (U.S.A.) “Life in These United States” now means that staid Reader’s Digest, hamstrung by debt during a recession and competing in an era unfriendly to print publications, will declare bankruptcy. The news comes on the heels of an announcement Friday by the FDIC that five more U.S. banks had failed, bringing…
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BREAKING NEWS: Vana Blue Inc. Says Karveck International Deal Is Off; News Release Raises New Questions About Ownership Of AdViewGlobal Autosurf
UPDATED 2:55 P.M. EDT (U.S.A.) In a short Business Wire news release late this morning, Vana Blue Inc. said it “has canceled all agreements with Karveck Int’l and has no affiliation with [the] company or its affiliates.” The company claimed to own Karveck International in February 2009, declaring it a “newly acquired asset” that had…
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DEVELOPING STORY: Firm That Provided AdSurfDaily Debit Card Indicted; Feds Say Virtual Money Inc. Helped Colombian Drug Operation Launder Money In Medellin
UPDATED 9:49 A.M. EDT (U.S.A.) A Dallas-based company and its president were charged in a sealed indictment in April 2008 with helping a Colombian cocaine operation launder money by providing debit cards that were used to convert drug proceeds to cash in Medellin. The company — Virtual Money Inc. — once provided debit cards to…
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EDITORIAL: Members Turn On Each Other As 11th Hour Dawns For Andy Bowdoin And AdSurfDaily Inc.
The coming hours and days may mark the end of AdSurfDaily. Fragmentation, fractiousness and bitterness are marking ASD’s final descent into infamy. Steve Watt of TheJoyLuckClub, for instance, is accusing the Mods at the Pro-ASD Surf’s Up forum of covering up for Andy Bowdoin and AdViewGlobal (AVG), an offshoot of ASD. We wish we could…
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BERNIE’S ‘STING’: Frank DiPascali Jr. Pleads Guilty In Madoff Case; Officials Say He Developed Phony Computer Platform That Appeared To Reflect Real Trading
In the movie “The Sting,” accomplice J.J. Singleton read from a surplus tickertape wire into a microphone to create the impression that horse races that already were over were being run live on the radio. J.J.’s bogus radio calls from the back room helped Henry Gondorff and Johnny Hooker fleece Doyle Lonnegan of $500,000 in…
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UPDATE: Receiver In ASI Case Launches Website
Larry Cook, the receiver in the Federal Trade Commission case against Affiliate Strategies Inc., Brett Blackman and several co-defendants, has started a website to inform interested parties. Visit the receiver’s website in the ASI case. The FTC said the defendants were involved in a fraudulent scheme that promised “guaranteed†grants of $25,000 from economic-stimulus funds…
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UPDATE: Vana Blue Website Still Offline; No Pinksheet Stock Activity For Seven Trading Days Amid Maze Of Claims
Not a single share of Vana Blue’s penny stock has traded hands since July 30, a period of seven full trading days, according to Yahoo Finance. In news releases, Vana Blue identified itself as the owner of eWalletPlus, a payment processor later linked to the AdViewGlobal (AVG) autosurf. Vana Blue, which used mailing services in…